U.S. gold futures hit record highs due to uncertainty over tariffs on gold imports. The most traded gold bullion bars may be subject to country-specific tariffs, impacting global supply chains. Prices hit $3,534.10 per ounce, with spot prices at $3,394 per ounce. Analysts await clarity on the issue, highlighting potential impacts on Switzerland’s gold industry. The Swiss Precious Metals Association is engaging with stakeholders on the matter. Gold’s rise reflects market volatility amidst tariff confusion, threatening New York’s dominance in the gold futures market. Gold Rush 2.0 sees Americans cashing in on the precious metal near all-time highs.

Read more at Yahoo Finance: Gold prices soar to record high as Trump tariffs threaten bullion trade